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what is the total value of the company? what is the value per share of common stock It is December 2022. You work as a
what is the total value of the company? what is the value per share of common stock
It is December 2022. You work as a financial analyst for Merck \& Co. and are tasked with the due diligence on the proposed acquisition of a biotech startup. You estimated the following cash flows for the startup: After 2027, cash flows are expected to grow by 5% per year. Based on the riskiness of your industry, you think that your weighted average cost of capital is 15%. The biotech firm has 5 million shares and bonds worth $120 million outstandingStep by Step Solution
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